Are you planning to do an MBA? Did you know that you are opening the doors to a world of possibilities? Yes! In this blog, we will discuss the MBA specialisations and the job opportunities for MBA that lie ahead. Keep reading.
All You Need To Know About MBA
Are you a curious person willing to shape different industries, analyse market trends and solve complex problems in the business landscape? You are a fit candidate for the MBA programme.
Master of Business Administration (MBA) is more than just a degree and is a gateway to endless opportunities. When you pursue an MBA, you can dive into the business realm, from finance and marketing to entrepreneurship and whatnot!
It equips students with a versatile toolkit, a clear understanding of industry dynamics and a strategic mindset to thrive in the ever-evolving business panorama.
Whatever your interest be, whether consulting, brand management, financial market or starting a venture, MBA paves the way for your dream.
Also, pursuing an MBA can enhance your analytical prowess, creative thinking, leadership skills, etc. It serves as an excellent opportunity to foster personal growth and networking.
Job opportunities for MBA are vast, and in this blog, let’s explore them comprehensively for a better understanding.
MBA Specialisations You Need To Know!
Now that you have decided to do an MBA, let’s go through the various specialisations it offers. Here are the top ten for your consideration listed by the experts of the best University in India, Takshashila University.
| MBA in Finance | It equips you with the expertise to manage financial resources, assess risks, and make informed investment decisions. |
| MBA in Marketing | It equips you with extensive knowledge of consumer behaviour and creative strategies to position products and services in the market. |
| MBA in Entrepreneurship | It prepares you to navigate the challenging path of starting and scaling your business startup. |
| MBA in Operations Management | It equips you with analytical skills to identify bottlenecks, streamline workflows, and implement cost-effective strategic operations. |
| MBA in Human Resources Management | It provides the skills necessary to recruit, train and retain top talents and manage people effectively in an organisation. |
| MBA in Information Technology Management | It equips you to evaluate technology solutions, manage IT projects and enhance the technological performance of an organisation. |
| MBA in International Business | It equips you with extensive knowledge to analyse international trade patterns, understand geopolitical influences and develop strategies to expand businesses across borders. |
| MBA in Supply Chain Management | It provides the skills to manage inventory, forecast demand and ensure smooth logistics operations. |
| MBA in Healthcare Management | It prepares you to lead medical organisations and healthcare facilities to contribute efficiently to resource allocation, strategic planning and delivering quality patient care. |
| MBA in Sustainability and Environmental Management | It equips you with the skills to develop eco-friendly business strategies, manage environmental risks and promote sustainable practices. |
Job Opportunities After MBA
If you are pondering what next awaits, an MBA opens the door to extensive career opportunities. You can get into the field listed below related to your specialisation for a successful career.
1. Consulting
After completing an MBA, you can get into consulting to give expert business advice for solving problems or improving performance. You can either work with an organisation or practise as an independent consultant.
Skills Needed For Consulting
- Analytical thinking and problem-solving
- Communication and interpersonal skills
- Business Acumen and industry knowledge
- Data analysis and quantitative skills
- Adaptability and learning agility
Here are the job roles and the respective salary ranges for MBA graduates in the consulting field.
| Job Roles | Salary |
|---|---|
| Management Consultant | INR 8 to 15 lakhs per annum |
| Strategy Consultant | INR 10 to 18 lakhs per annum |
| Business Analyst | INR 6 to 12 lakhs per annum |
| Operations Consultant | INR 7 to 14 lakhs per annum |
| Change Management Consultant | INR 9 to 16 lakhs per annum |
| HR Consultant | INR 6 to 12 lakhs per annum |
| IT Consultant | INR 8 to 14 lakhs per annum |
Here’re the top recruiters of MBA graduates in the consulting field
- Accenture
- McKinsey & Company
- Boston Consulting Group
- Bain & Company
- KPMG
2. Marketing And Brand Management
After completing an MBA, you can get into marketing, create and implement marketing strategies, conduct market research, and develop brand identity, driving business growth and engagement.
Skills Needed For Marketing And Brand Management
- Strategic thinking and planning
- Data analysis and interpretation
- Brand development and management
- Digital marketing expertise
- Communication and collaboration
Here are the job roles and the respective salary ranges for MBA graduates in the marketing and brand management field.
| Job Roles | Salary |
|---|---|
| Marketing Manager | INR 6 to 12 lakhs per annum |
| Brand Manager | INR 7 to 15 lakhs per annum |
| Product Manager | INR 8 to 14 lakhs per annum |
| Digital Marketing Manager | INR 6 to 12 lakhs per annum |
| Market Research Analyst | INR 4 to 8 lakhs per annum |
| Advertising Manager | INR 6 to 12 lakhs per annum |
| Public Relations Manager | INR 6 to 12 lakhs per annum |
Here’re the top recruiters of MBA graduates in the marketing and brand management field.
- Amazon
- Asian Paints
- Nestle India
- Procter & Gamble
- ITC Limited
3. Finance Investment
After completing an MBA, you can get into the finance and investment field and get involved in the company’s building of investment strategies, financial analysis, risk assessment, mergers and acquisitions to maximise financial performance.
Skills Needed For Finance Investment
- Financial analysis and modelling
- Quantitative skills
- Market knowledge and research
- Risk management and analytics
- Communication and presentation skills
Here are the job roles and the respective salary ranges for MBA graduates in the finance investment field.
| Job Roles | Salary |
|---|---|
| Investment Banker | INR 9 to 20 lakhs per annum |
| Portfolio Manager | INR 7 to 16 lakhs per annum |
| Financial Analyst | INR 5 to 10 lakhs per annum |
| Private Equity Analyst | INR 8 to 18 lakhs per annum |
| Risk Manager | INR 7 to 15 lakhs per annum |
| Corporate Finance Manager | INR 8 to 16 lakhs per annum |
| Equity Research Analyst | INR 6 to 12 lakhs per annum |
Here’re the top recruiters of MBA graduates in the finance investment field
- ICICI Bank
- Aditya Birla Groups
- HDFC Bank
- Goldman Sachs
- Reliance Capital
4. Entrepreneurship
After completing an MBA, you can try your hands in entrepreneurship and start your own venture. You can successfully pull off your business since you would have extensive business planning, financial management, leadership knowledge and strategic decision-making.
Skills Needed For Entrepreneurship
- Adaptability and problem-solving
- Financial acumen
- Networking and team management
- Sales and marketing expertise
- Strategic vision and planning
Here are the job roles and the respective salary ranges for MBA graduates in the entrepreneurship field.
| Job Roles | Salary |
|---|---|
| Startup Founder | Income can vary significantly |
| Small Business Owner | Income varies based on the business type |
| Social Entrepreneur | Income varies depending on the social impact |
| Franchise Owner | Income varies depending on the franchise brand |
| E-commerce Entrepreneur | Income varies depending on products and marketing |
| Consulting Entrepreneur | Income can vary significantly |
| Event Management Entrepreneur | Income can vary significantly |
5. Corporate Sector
If you want to join the corporate sector after completing an MBA, there are plenty of opportunities. You can find roles in various departments like operations, human resources, supply chain management, etc.
Skills Needed For Corporate Sector
- Leadership and team management
- Communication and interpersonal skills
- Problem-solving and analytical abilities
- Adaptability and change management
- Strategic thinking and business acumen
Here are the job roles and the respective salary ranges for MBA graduates in the corporate field.
| Job Roles | Salary |
|---|---|
| Operations Manager | INR 6 to 14 lakhs per annum |
| Human Resources Manager | INR 6 to 14 lakhs per annum |
| Supply Chain Manager | INR 7 to 15 lakhs per annum |
| Project Manager | INR 6 to 14 lakhs per annum |
| Business Development Manager | INR 6 to 12 lakhs per annum |
| Sales Manager | INR 6 to 12 lakhs per annum |
| General Manager | INR 10 to 20 lakhs per annum |
Here’re the top recruiters of MBA graduates in the corporate field
- Amazon
- Deloitte
- Cognizant
- Microsoft
- Hindustan Unilever Limited (HCL)
6. Technology Management
After completing an MBA, you can work in a company and use technology effectively to achieve its business goals.
Skills Needed For Technology Management
- Digital transformation expertise
- Innovation and emerging tech awareness
- Change management and leadership
- Data analysis and decision-making
- Strategic technology planning
Here are the job roles and the respective salary ranges for MBA graduates in the technology management field.
| Job Roles | Salary |
|---|---|
| IT Manager | INR 8 to 18 lakhs per annum |
| Technology Consultant | INR 7 to 15 lakhs per annum |
| Product Manager | INR 8 to 16 lakhs per annum |
| Data Analyst/Scientist | INR 6 to 14 lakhs per annum |
| IT Project Manager | INR 7 to 15 lakhs per annum |
| Digital Transformative Manager | INR 8 to 16 lakhs per annum |
| Chief Technology Officer | INR 15 to 30 lakhs per annum |
Here’re the top recruiters of MBA graduates in the technology management field
- Amazon
- Microsoft
- Uber
- Samsung
7. Non-Profit And Social Sector
After completing an MBA, you can work with NGOs, international development organisations and social enterprises and help them achieve their mission.
Skills Needed For Non-Profit And Social Sector
- Financial management and resource allocation
- Project and program management
- Stakeholder engagement and relationship building
- Impact measurement and evaluation
- Strategic thinking and problem-solving
Here are the job roles and the respective salary ranges for MBA graduates in the non-profit and social sectors.
| Job Roles | Salary |
|---|---|
| Non-profit Program Manager | INR 5 to 12 lakhs per annum |
| NGO Director | INR 6 to 15 lakhs per annum |
| Social Impact Analyst | INR 4 to 10 lakhs per annum |
| Development Manager | INR 5 to 12 lakhs per annum |
| Fundraising Manager | INR 5 to 12 lakhs per annum |
| (Non-profit) Education Manager | INR 4 to 10 lakhs per annum |
| Sustainability Manager | INR 6 to 15 lakhs per annum |
Here’re the top recruiters of MBA graduates in the non-profit and social sector.
- Teach For India
- CRY- Child Rights and You
- Smile Foundation
- Seva Mandir
- Oxfam India
| Disclaimer |
|---|
| Note that there are many other companies providing job opportunities, and the above-mentioned are only a few in the ocean. |
Can I Do Ph.D. After MBA?
For the question, ‘Is it good to do a Ph.D. after an MBA?’ the answer is YES!Anyone with an interest in getting into academics or research after an MBA can do a Ph.D. programme.
However, one should consider admission requirements, entrance examination, duration, commitment, etc., before pursuing the doctorate.
Why Choose Takshashila University For Your MBA?
Now that you have known the different specialisations of MBA and its career opportunities and are wondering where to pursue an MBA programme, look no further than Takshashila University!
Takshashila University should be your first choice for a master’s degree because it is one of Tamil Nadu’s best universities, offering 64 undergraduate, postgraduate, and doctorate options. Spread across 150 acres of land, it provides an ideal learning environment for students with its high-end resources and knowledgeable faculty.
Its departments include engineering, arts and sciences, agricultural sciences, physiotherapy, allied health sciences, and hotel management. With a 100% campus placement promise, Takshashila University ensures job placements with major organisations like Wipro, IBM, TCS, Accenture, etc.
With its academic and sports scholarships, Takshashila University also helps students financially. So, enrol now in its MBA programme for a successful future!
Conclusion
Job opportunities for MBA are countless, and every graduate can find a job in a suitable niche in the business world. MBA equips candidates with the interpersonal skills, knowledge and mindset required to excel and empowers them to adapt, learn and thrive in this ever-evolving landscape.
So, you can do your MBA programme without second thoughts and move towards excellence by choosing one of the top MBA college in Chennai, Takshashila University.
Frequently Asked Questions(FAQs)
1. Is doing an MBA a good career option?
Pursuing an MBA is the best option for many individuals interested in having a career in the business landscape. The two-year master’s degree equips candidates with the necessary business principles and networking opportunities, leading to high earning potential.
2. What are the benefits of doing an MBA?
By pursuing an MBA, individuals can advance their business knowledge and strategies, enhance their leadership and management skills and expand their networking chances with professionals from diverse fields. It also helps them grab higher-level senior positions and increase the scope of their earning potential.
3. What is the salary of an MBA fresher per month?
For an MBA fresher, the salary package may range from INR 30,000 to 70,000 per month. However, it depends on the business school’s reputation, specialisation, location, and industry demand.
4. How difficult is an MBA degree?
MBA programmes require a solid commitment of time and effort owing to their curriculum and projects. The difficulty level varies depending on factors like specialisation’s rigour, previous academic background and expertise, and time management skills.
5. Which specialisation in MBA is the best?
Some popular specialisations in MBA include Finance, Marketing and Human Resources. However, the best subfield depends on the individual’s interests, career goals, and market demand.
